Things should I have prepared prior to offering/closing a deal?

[Adam Juodis]

Other than having a funding plan for the deal to be purchased, what other things should a investor have prepared prior to offering or closing on a deal?

I want to be prepared when the time comes to jump on a great deal. I already have received pre-approval for funding from a bank, but what other items can I knock out to make closing in the future easier? Do I need to find an attorney? Do i need to formulate any closing documents for when the day comes? Should I create a LLC now even though I do not have a single investment property yet?

Please let me know any helpful things I can knock of my list to prepare me for the day when I can actually call myself a true real-estate investor, thanks! :)

[Mke Wilburn]

Adam,

First I agree with Christopher you need to have a team in place and having several levels deep is a great idea. 1st string, 2nd string etc.

As far as inspectors or any other "team members" go, I seroiusly doubt that you would find one that wouldn't be willing to help you out in the future.

My suggestion is use your time wisely, call them now, go see them now, ask to see a typical report they would do. You will find one that you like better than another and feel more comfortable working with.

Nothing against the other guys but you will always have your A level people B's,C's.

Just keep this one thing in mind....THEY WORK FOR YOU, NOT THE OTHER WAY AROUND.

Good Luck